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Benzinga
Benzinga
Business
Chandrima Sanyal

Bond ETF Investors On Alert During Fed Shake-Up, Rising Yields

Federal Reserve

Long-term U.S. treasuries were pushed lower Tuesday as the ouster of Federal Reserve Gov. Lisa Cook by President Donald Trump fueled uncertainty regarding the independence of the central bank and monetary policy direction.

The 30-year Treasury yield climbed as high as five basis points to 4.94%, and now the spotlight is on ETFs that track long-term government debt.

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